Gold and all precious metal are measured in Troy ounces, which vary slightly from common or Avoirdupois ounces. A troy ounce is equal to 31.1034768 grams. Incidentally, a Troy POUND has 12 ounces, not sixteen. PS- at the close of trading on Friday, 15 October, a troy ounce of gold was $1368.90
"Ounce", when referring to gold, means a Troy ounce. There are twenty pennyweight in a Troy ounce.
1 troy ounce = 0.0311034768 kilograms gold is measured in troy oz.
One troy ounce of gold equates to about 31.103 grams.
The price of gold is usually quoted in troy ounces.
How many tenths gold coin in a troy ounce
The average price for a troy ounce of gold in 1920 was $20.68
A troy ounce is about 31 grams and the US standard ounce (avoirdupois) is about 28 grams. When buying coins, or gold or silver, you get more by getting a troy ounce. The price of gold and silver is in troy ounces. So, for example, if gold is $1400 an ounce, that price is for a troy ounce. A 28 gram ounce of gold is not worth $1400.
It is called a "Troy ounce." So it is a weight measurement of gold, or silver etc.
The unit used in weighing gold is the troy ounce; 1 troy ounce is equivalent to 31.1 grams.
yes it is troy ounce, 1 troy ounce = 31.1034768 http://www.answers.com/topic/gram
A troy ounce is equal to 480 grains. The international troy ounce is equal to exactly 31.1034768 grams. A troy ounce is referred as a 99.99% pure gold piece or gold grains.
1 troy ounce is equal to 1.09714286 ounce.